590 Elm Tree Lane, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 3 bath
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590 Elm Tree Lane
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,409Sq Ft
51,400.801Lot Size
Property Price
LIST PRICE$898,000
EST. MARKET VALUE
$963,568
6% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $898,000—positioned well below the $963,569 Fair Market Value by 6%. This valuation gap offers $65,569 in Instant Equity. Featuring a Condition Rating of 3, the home includes modern upgrades like leased solar with battery backup, EV charging, and panoramic hill views. With a 1.1-acre lot and ADU potential, this property balances lifestyle with financial upside, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, energy-efficient sanctuary.
Estimated Market Value
$963,568+$65,568 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 590 Elm Tree Lane Subject 3 bd · 3 ba · 2,409 sqft · $400 | $898,000* List Price | 3 | 3 | 2,409 | $400 | - |
A 2830 Green Canyon Road Sold 3 bd · 3 ba · 2,219 sqft · $428 · 1.0 mi | $950,000 | 3 | 3 | 2,219 | $428 | 1.0 mi |
B 1152 Big Oak Ranch Road Sold 3 bd · 3 ba · 2,110 sqft · $453 · 0.5 mi | $955,000 | 3 | 3 | 2,110 | $453 | 0.5 mi |
C 1010 Buena Suerte Sold 5 bd · 3 ba · 2,871 sqft · $387 · 0.3 mi | $1,110,000 | 5 | 3 | 2,871 | $387 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1978, the property is well-maintained and move-in ready with significant system upgrades including newer HVAC, dual-pane windows, and leased solar with battery backup. The kitchen has been refreshed with stainless steel appliances, a farmhouse sink, and painted cabinetry, and the exterior features a newer composite deck, though some dated elements like popcorn ceilings and older tile countertops remain.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 51400, living area = 2409.
- Energy Efficiency & Modern Infrastructure
The home is exceptionally well-equipped for modern living with leased solar and a backup battery, a 240V EV charger, newer dual-pane windows, and a recently updated HVAC system.
- Expansive Lot & Versatility
Situated on over 1.1 acres, the property offers a true country lifestyle with mature fruit and avocado trees, dedicated RV parking, and a small ADU, providing rare flexibility for guests or hobbies.
CONSRISKS & DEFICIENCIES
- Leased Solar Commitment
The solar system is leased rather than owned, which requires the buyer to assume the existing contract and monthly payments, potentially impacting some financing preferences.
- 1970s Era Construction
Despite significant updates, the 1978 build date suggests that certain structural or layout elements may still reflect its original era, potentially requiring further modernization to meet contemporary luxury standards.
About 590 Elm Tree Lane
Perched in the lushly tree filled hills, this raised ranch Fallbrook charmer brings country living to a whole new level with it's freshly painted exterior, beautiful views, well maintained landscaping, and bountiful fruit and avocado trees. With tons of natural light and openness, this single level home has plenty of room for entertaining and exudes tranquil ambience with it's two fireplaces, an inviting dining room that has access to outdoor patio decking, spacious kitchen with built in bar-top for counter seating, plenty of cabinet space, large farmhouse style sink, whole house water softener and stainless steel appliances. This home is energy efficient with it's leased Solar along with back up battery and 240 volt EV charger, newer dual pane windows, newer HVAC/furnace, and features an attic fan. Plenty of yard space for gardening, RV parking and a small ADU. This amazing home invites you to relax, take in the sunset and enjoy the gorgeous views and beautiful breeze. Minutes away from downtown Fallbrook, shopping, restaurants, wineries, golf courses and easy access to 76HWY.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 51,400.801 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,409 | 2,343.723 |
| Lot Size | 51,400.801 | 46,829.322 |
| Price | $898.0K | $932.8K |
| Price per sq ft | $373 | $433 |
| Built year | 1978 | 1992 |
| HOA | $0 | $198 |
| Days on market | 18 | 60 |
Pricing History
Listed for Sale
Oct 7, 2026
$898,000
Initial Listing
Sold
May 23, 2019
$562,500
Public Record
Sold
Apr 1, 2015
$469,000
Public Record